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Environmental Policy: Lessons from the Laboratory

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  • Stuart Mestelman

Abstract

The controlled laboratory experiment is spreading rapidly as a method for evaluating theories of economic behaviour and policy prescriptions. Environmental regulation is an area that is ripe for laboratory investigation. This paper presents insights drawn from the existing literature using laboratory methods in economics and related disciplines on the use of taxation and subsidy, standards and fines, transferable quota, and voluntary restraint as mechanisms for environmental regulation.

Suggested Citation

  • Stuart Mestelman, 2000. "Environmental Policy: Lessons from the Laboratory," McMaster Experimental Economics Laboratory Publications 2000-01, McMaster University.
    • Handle: RePEc:mcm:mceelp:2000-01
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    File URL: http://socserv.socsci.mcmaster.ca/~mceel/papers/envplcy.pdf
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    References listed on IDEAS

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    1. Kai-Uwe Kuhn & Neslihan Uler, 2019. "Behavioral sources of the demand for carbon offsets: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 22(3), pages 676-704, September.

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